The trend is also reflected in exchange-traded products. Solana spot ETFs recorded approximately $113 million in net inflows during May, marking the strongest monthly inflow total for SOL-related funds this year. The steady accumulation suggests investors remain interested in holding the asset despite ongoing market volatility.

This divergence between spot and futures activity often signals a market driven by longer-term investors rather than short-term speculation. Whether that demand is enough to defend the $80 support level remains one of the key questions for Solana in the weeks ahead.